Perrigo Reaffirms Views on Mylan's Inadequate Offer; Maintains Strong Recommendation Shareholders Not Tender
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Perrigo (PRGO) Stock Offers More Upside Than Mylan (MYL) Deal - Guggenheim
November 11, 2015 4:14 PM ESTGuggenheim analyst Louise Chen reiterated a Buy rating and $230 price target on Perrigo Co. (NYSE: PRGO) ahead of Friday, saying the stock could offer more upside than the Mylan (NYSE: MYL) deal.
Chen commented, "We don't advise trading PRGO stock in for MYL (NEUTRAL, $45.44) shares. PRGO's... More
Perrigo (PRGO) Reaffirms View, Calls Mylan's (MYL) Tactics 'Desperate'
November 10, 2015 9:56 AM ESTPerrigo (NYSE: PRGO) issued the following response to Mylan's (Nasdaq: MYL) press release.
Mylan is resorting to desperate tactics on the eve of its tender offer deadline, having failed to persuade our long-term shareholders of the merits of its inadequate offer.
First, as much as Mylan would like to highlight made-up numbers, the actual premium it has offered is one of the lowest on record. It is simply not an acceptable change of control premium, and the grossly inadequate offer does not even remotely reflect the value of... More
